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Posted on Aug 24, 2024

Milk Incorporated's contribution margin ratio is 5 8 % and its fixed monthly expenses are $ 3 6 , 0 0 0 . Assuming that

Milk Incorporated's contribution margin ratio is

58 %

and its fixed monthly expenses are $

36, 000 .

Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $

103, 000 ?

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